What’s new: Wang Yongsheng, a former vice president of the China Development Bank, has pleaded guilty to accepting bribes totaling 23.5 million yuan ($3.2 million), the latest in a long line of executives convicted on corruption charges.
Wang stood trial on Thursday in Jilin, northwest China, nearly six months after his arrest. During the trial, Zhou admitted his guilt and expressed remorse. The court said that sentencing will be announced at a later date.
